Rapides Federal Credit Union

Valex Federal Credit Union in Alexandria, LA offers a range of financial services including checking and savings accounts, credit cards, loans, and mobile banking. With a focus on building lifelong trusted relationships, Valex aims to help members reach their financial goals through personalized service and affordable rates. Members praise Valex for its friendly and efficient staff, convenient locations, and commitment to providing financial assistance tailored to individual needs. The credit union is described as a welcoming and supportive financial institution that goes above and beyond to help members succeed financially. Generated from the website

What is a Credit Union Credit Unions are non-profit cooperative financial institutions. They were first formed in Europe by groups of people who could not afford to do business with banks. These groups of people, often sharing a common bond of similar interest or professions, pooled their resources to provide each other with cooperative financial services. Today a credit union's common bond is its 'field of membership'. In 1909, the first credit union in the United States was established in Manchester, New Hampshire. Today, there are over 12, 000 credit unions with over $316 billion in assets serving 70 million people in the United States. Unlike banks, credit unions are member-owned, nonprofit cooperatives. There are no stockholders. Organized to serve, democratically controlled credit unions provide their members with a safe place to save and borrow at reasonable rates. The credit union's Board of Directors is made up of volunteers elected from within the membership at an annual meeting. Highlighting the services of credit unions are higher dividends paid on savings, lower rates on loans, and low or no service charges on services provided. Credit unions have received the No. 1 rating in customer satisfaction at financial institutions for 10 years according to the American Banker Newspaper's annual customer satisfaction survey. Credit union deposits are federally insured, up to $250, 000, by the National Credit Union Share Insurance Fund ( NCUSIF ), the strongest federal insurance fund. The fund in maintained by premiums paid by federal credit unions and is managed by the National Credit Union Administration ( NCUA ), an agency of the United States government.

Valex Federal Credit Union is dedicated to building lifelong trusted relationships with its members while providing a range of financial services designed to help individuals achieve their financial goals. With a focus on personal service, Valex fosters a member-centric environment where everyone is treated like family. Offering products such as checking and savings accounts, loans, and credit cards, Valex is committed to delivering competitive rates and educational resources to promote financial literacy. Its welcoming atmosphere and attentive staff make banking a more enjoyable experience for its members. Generated from the website